"Such an achievement depends in large part on whether crude oil heads for $150 prior to (ahemmm…)Independence Day or not."

The silver, gold and platinum weekly charts and comparisons from last week are below. The weekly business recap video from Reuters and three related precious metal articles are listed as well.

CoinNews London Fix Charts: Silver, Gold and Platinum
(June 23-27)

The London Fix is one of the most used bullion quotes around the world. The London AM fix for gold and platinum begins at 10:30am GMT (5:30am in New York), and the PM fix begins at 3pm GMT (10am in New York). The London Fix for silver begins each business day at 12pm GMT (7am in New York).

June 27 – Save a Buck – Jon NadlerNew York gold followed up on yesterday’s buy stop-infused marathon with a $12 gain to just under $930 as the greenback was still slipping (at 72.32 on the index) and oil was still ahead by $2.41 at $142.05 per barrel.

Business week overview and wrap-up by Reuters News

Wall Street experienced more pain with the Dow at one point down 20 percent drop from its record peak set in October 2007. Crude oil set a new record settlement at $140.21 a barrel.

The three major US indexes:

The Dow dropped 106.91 points to close at 11,346.51 Friday. For the week the Dow lost 4.2%.

The S&P 500 lost 4.77 points Friday to close at 1,278.38.

The Nasdaq fell 5.74 points Friday to finish at 2,315.63. It lost 3.8% for the week.